TO PLACE AN AD CALL CLASSIFIED • 541-385-5809
SATURDAY, MAY 22, 2021 • THE BULLETIN
C1
R EAL ESTATE
DESIGNER RIVER
CANYON ESTATES
Master on main, large corner lot, 3-car
garage, & bonus room! This 3,450
sq.ft., 4 bed/2.5 bath home has been
stunningly updated, featuring wide
plank white oak wood floors, a custom
master bathroom, shiplap powder room,
reclaimed wood accent dining room
wall, marble tile fireplace surround w/
reclaimed wood mantle and designer light fixtures, to name a few! The newly hardscaped
backyard is an entertainer’s dream, with extensive paver patio areas, automated lighting,
gas for fire pit and electrical for hot tub! Don’t miss this beautiful gem in SW Bend’s River
Canyon Estates! $1,049,000
2411
Coldwell Banker Bain
Robinson-Ludwick Group, Brokers
541-383-4343
www.buysellbend.com
© ADOBE STOCK
Back to the City?
This reverse migration can create a
whiplash effect in real estate. As housing
prices dropped in urban areas, they swelled
in the suburbs, creating an overheated
market high in price and low in supply.
But for some who have long lived in the
suburbs, cheaper housing in cities is a
draw back to experience what they’ve
been missing. Some who had trouble
selling their home pre-pandemic now
find multiple offers within days, often
with a handsome profit. Between the two,
many see value in exiting the suburbs and
returning to the excitement of city life.
According to market experts consulted
in a recent MarketWatch report,
unprecedented low mortgage rates have
combined with many who can continue
It might be bound to happen. People who fled the city in the early
days of the pandemic caused a rush on suburban homes and
apartments. Now the vaccines have loosened the virus’ grip,
cities are coming back to life and residents are returning.
working at home even after some have
returned to offices. With this flexibility find
great value and space available — for the
moment, at least.
More affordable cities such as Nashville
have retained a healthy urban housing
market and prices are beginning to rise.
With the change in lifestyles, people are
looking for more space and in many mid-
size cities there’s a good number of single-
family homes in or near urban areas.
Large cities such as New York, Chicago
and Boston are seeing a steady return of
buyers and prices are rising accordingly,
said a real estate journalist in a recent
edition of Forbes magazine. Only San
Francisco, the nation’s most expensive
market, is still coping with a flat or down
market.
Because millennials now make up
the largest segment of the population,
couples and singles with more work
flexbility and mobility are gravitating to
new urban centers. According to a recent
survey cited by financial website Bankrate,
35% of millennial respondents said they
planned to move or have moved to big
cities, compared with 24% who preferred
suburbs. Gen Xers, meanwhile, were
evenly split between favoring suburbs and
an equal share favoring big cities. Baby
Boomer respondents were the most likely
to prefer suburbs.
If you’re considering relocating to an
urban area, the time may be ripe to explore
your options. Consult real estate agents
and mortgage lenders to get a good idea
on how much of a down payment you can
afford and where that can buy you the
most home, whether you currently own a
home or not.
WINDERMERE CENTRAL OREGON REAL ESTATE
BEND
REDMOND
COMMERCIAL
MADRAS
SUNRIVER
807 SW Industrial Way
541-388-0404
821 SW 6th Street
538 SW Highland Ave.
541-923-HOME
538 SW Highland Ave.
541-410-3484
161 SE 5th Street
541-475-7001
7100 Beaver Drive
Bldg. 22 Suite 220
541-323-5888